Next $360m tranche hinges on successful assessment
Ghana has entered a critical phase of its three-year, $3 billion IMF-supported programme as Finance Minister Dr. Cassiel Ato Forson on Monday officially welcomed an International Monetary Fund mission team to Accra for the fifth review of the country’s economic reforms.
The team, led by Dr. Ruben Atoyan, will spend the next two weeks assessing Ghana’s performance on key programme targets, including:
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Fiscal discipline and debt restructuring
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Revenue mobilisation
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Inflation control
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Financial sector resilience
Economic Progress So Far
Opening the session, Dr. Forson acknowledged the fiscal and structural challenges that marked the start of 2025 but credited decisive policy measures and “collective national effort” for stabilising the economy and delivering measurable progress.
He described the fifth review as an opportunity to refine policy direction, integrate IMF recommendations, and sustain Ghana’s growth momentum.
IMF’s Position
Dr. Atoyan praised the government’s commitment to reforms and said the mission looks forward to constructive discussions that will determine whether Ghana qualifies to unlock the next programme disbursement of about $360 million, expected in October 2025.
High-Level Engagement
The opening meeting was attended by key economic stakeholders, including:
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Dr. Johnson Asiama, Governor of the Bank of Ghana
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Dr. Zakari Mumuni, First Deputy Governor
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Thomas Nyarko Ampem, Deputy Finance Minister
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Patrick Nomo, Chief Director, Ministry of Finance
What’s Next
A successful review will be vital for Ghana to maintain reform momentum and stay on track to complete the IMF programme by May 2026, ensuring continued fiscal stability and investor confidence.
